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Dubai- A real estate heaven

A city where the sun shines 365 days a year, where crime is almost non-existent, where nobody pays tax, where people from 150 different nationalities live together peacefully and living standards are one of the highest in the world – is it paradise? No, it’s Dubai!

Dubai has been one of the fastest growing cities in the world for the last 10 years, but at the same time has managed to combine the best of both eastern and western society to create a mixed living environment without violence, crime and pollution.

While oil revenues now form only a small part of the emirate’s income, the rulers have set their minds on creating a tourist heaven that combines the flair of New York for its shopping malls, Las Vegas for its entertainment and the Caribbean for its beaches and crystal clear waters. Under the visionary rulership of HH Sheikh Mohammed bin Rashid Al Maktoum Dubai has grown from a small trading port to a metropolitan city within the span of just a few years . They say Rome wasn’t built in a day, Dubai was!

The property market experienced a never before seen expansion when the government announced in 2002 that Dubai would be the first place in the Middle East to offer freehold ownership to expatriates. Breathtaking projects have taken shape that have put Dubai on the world map and had investors pouring into the region from all over the world.

Dubai is booming and everybody can be a part of it. Whether you are looking for a holiday home to escape the cold winters or want to invest your savings and make it grow, the city offers you investment opportunities like no other at the moment.

A few reasons why buying in Dubai is so lucrative:

Dubai real estate is five times more affordable than London and Mumbai.

Return of investments through rents is between 8% and 12%.

Properties are increasing in value between 15 to 30% in a year.

Dubai’s population is projected to grow from 1.8 million to 3 million in the next 3 years, which makes it the fastest growing population in the world.

Demand for properties is still much higher than supply, both in the freehold and the rental sector, and this situation is extremely likely to be stay the same in the coming years.

Dubai has come out of the economic downturn of 2008 stronger, wiser, stable and even more successful than before.

Purchasers of property in Dubai are eligible for a residence visa (property value should be AED 1,000,000/- or above).

Having won the bid to host the next World Expo, Dubai will be the center of attention once again!

Expo 2020 under the theme “Connecting Minds, Creating the Future” will run for six months from October 20, 2020 and expects to welcome more than 200 participants, including more than 180 nations, multinational organizations, businesses and educational institutions.

Expo 2020 expects to receive 25 million visits, with 70 percent of visitors due to come from outside the UAE – the largest proportion in the 167-year history of World Expos.

More than 170 nations have already either publically or privately confirmed their participation. Further national participation announcements are expected in the coming months.